And the Stock Market Crumbles!!! AHHHH!

Some of us aren’t affected by the recent crumbling of the stock market and economy, in relation to the housing markets.  Many, of course, are, and they’re seeing the drastic repercussions of a market gone wrong due to executive and government corruption.

The DOW/Jones dropped 777 points yesterday and closed for under 10,000 points for the first time in four years (since 2004).  You’d think that was bad enough, but today, it continued to sink for about 300 points.  Right now, it’s trading at 9,613.57 and I’m sure it’s not going to stop there.

So, the $700B (now $850B) bail out bill was supposed to suppress the fears of the American people that the we were receding into an inevitable recession turned depression…  It was supposed to fix the economic problems surrounding the housing markets.  It was supposed to rescue the failing companies and people that were taken advantage of with the sub prime mortgage loans.

So my question is:  What’s happening?  Why didn’t the all-encompassing bail out “rescue” bill work?  Why is the market faltering?  Why is the DOW/Jones at an all time low after four years?  Why did the American people have to foot the bill for a bail out that probably won’t work?

Wouldn’t you like an answer to these questions?  I know I would.  More than that, I would like to know why the government felt it necessary to become engaged with the private sector in the first place.

Now, I’m not ridiculous and I don’t expect immediate changes to occur.  I didn’t expect this to be an overnight fix (in fact, I didn’t see it as a fix at all).  However, if it were to fix the problem, I understand that it wouldn’t have been instant gratification.  Unfortunately, I can’t see the economy turning around with the help of the government.  In fact, I can see the American dollar being diminished in time, as well as the market to continue to falter for a little longer.

Eventually, I do expect the market to turn around, but I highly doubt it will have anything to do with the bill that was just passed.  I think that hurt us; it made our dollar even more worthless than it already is.  I think the American people will become stronger and more confident in themselves, and I believe they’ll turn this around by themselves.

We have the power in a free market society to make the economy do whatever we need it to do.  The government has nothing to do with it.  Power to the people and all that. ;]

I’m thinking that with the approval ratings being so low across the board in congress, the senate, the President, etc… we’ll definitely have a lot of turnaround come the new year.  Let’s get this show on the road and make some real “changes” to fix the problems at hand.  It’s up to you, the American people, to make this happen.  Remember… you run this government and you can change it.